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Mongolia|economy|April 28, 2022 / 05:40 PM
Gross industrial output of Mongolia decreased by 24.4% in Q1

AKIPRESS.COM - In the first quarter of 2022, the gross industrial output of Mongolia reached MNT 3.5 trillion, decreased by MNT 1.1 trillion (24.4%) from the previous year, Montsame reports.

This decrease was mainly due to MNT 1.2 trillion (34.7%) decrease in mining and quarrying and MNT 5.7 billion (0.7%) decrease in manufacturing production gross output. Also, the electricity, thermal energy and water supply production output increased by MNT 29.1 billion (7.1%) and the water supply, and sewerage, waste management, and remediation activities production output increased by MNT 6.5 billion (17.7%) from the previous year.

Mining and quarrying gross output reached MNT 2.2 trillion, decreased by MNT 1.2 trillion (34.7%) from the same period of previous year.

In the manufacturing sector, production of alcoholic beverage, pure water, soft drink, juice, combed cashmere, cashmere products and lime increased by 3.2 percent to 2.2 times compared to the previous year. In the manufacturing sector, productions of copper cathode (99%), milk, metal steel, spirt, cigarettes, coal briquette, cement, wheat flour, mask, sanitizer, meat and concentrated coal decreased by 1.2–98.5 percent compared to the same period of the previous year.

By preliminary results, in the first quarter of 2022, the sales of industrial output reached MNT 4.7 trillion, decreased by MNT 1.7 trillion (26.4%) compared to the same period of the previous year. This decrease mainly resulted from MNT 1.7 trillion (34.8%) decrease in sales of mining and quarrying output.

The sales of mining and quarrying output decreased by MNT 1.7 trillion (34.8%) compared to the same period of the previous year.

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